On the other side of the market, you could also tell the bot to sell a given amount every time the price of Bitcoin decreases by 3% or some other amount. As an example, suppose you’ve had great success trading a range in Litecoin during the week. While you could certainly implement a strategy to trade the range on your own, it would mean you need to remain glued to your computer. Any time you are away, even to sleep, means you could miss a profitable entry or exit. No, these bots function exactly how they are programmed and that means a trading strategy used with them can be successful, but it also means it could fail. The bots are best used by those who have a proven trading strategy that can be programmed into the bot through the use of IF/THEN logic.
I made great experiences with the technical and general customer support. They are quick and customer oriented, even when it came to a refund for something which was out of their control, since it was about an item by a user in the marketplace. So I have reason to believe that the free signals are part of pump & dump groups that want to make you the idiot buying up what they want to dump on you. Sometimes your bot can sell them fast enough sometimes you get stuck with bags. The paid signal from MiningHamster is somewhat better in terms of timing. But also there you can get stuck with bags especially during a bearish market (so better to not use the bot during a serious downtrend or flash crash).
- It has demonstrated a commitment to user satisfaction and support, and this has been reflected in how customers view it.
- If you still have doubts or need assistance, our support team is readily available via the chat button in the lower right corner of your browser.
- If you are a professional trader, Tokenizer360 offers you advanced tools to conduct both fundamental and technical analyses.
- For many Tokenizer360 users, it's the first time that they use an automated trading bot.
- The Market Arbitrage bot will look for market inefficiencies within one exchange.
The platform ensures the security of user funds by not having access to or the authority to make withdrawals from exchange accounts. tokenizer360.com is an automated cryptocurrency trading platform that utilizes algorithms and artificial intelligence to execute trades on behalf of users. The platform’s centerpiece is its automated trading system which enables you to backtest and paper trade before applying it to live markets. Additionally, there is also a social trading marketplace where users can find successful investors and mirror their positions. The marketplace can also be used for purchasing signals on Tokenizer360. They are sometimes referred to as copy trading, social trading, or mirror trading.
If you have your TA strategy set to Multiple TA, the advanced settings tab will open up. We recommend building and testing strategies in the Strategy Designer. This value is a percentage of your total assets, or the “Maximum amount allocated” field, if configured. When this value falls below your exchange’s “Minimum amount per order,” that value will be used instead. If “Percentage buy amount” is not used or left blank, your bot will use this value. Set this equal to or higher than the minimum amount for your exchange and quote currency.
Use API Keys to connect to Binance, Coinbase Pro, OKEx, or one of the 15 supported exchanges. Explore the advantages of automated trading and its various types in this article. Learn how to begin your automated trading journey, with options ranging from easy to advanced.
Manual , semi-automatic, and full auto-traders all use this feature. Manage your complete portfolio with Tokenizer360, all from one place. Did you know that the basic functionality of Tokenizer360 is free?
You will need to have all these coins on two (or more) exchanges that you want to do Arbitrage on. Now you are set and ready to start taking advantage of price inefficiencies. Arbitrage is a trade that profits by exploiting the price differences of exchanges or market inefficiencies. Arbitrage exists as a result of market inefficiencies and would not exist if all markets were perfectly efficient. For a detailed explanation of how to set it up, click here..
You might encounter an error in Tokenizer360's onboarding process when connecting to Binance US, even if your API Keys are correct. You can always check your API Keys later in your Base config. You might encounter an error in Tokenizer360's onboarding process when connecting to Kraken, even if your API Keys are correct. Tokenizer360 supports a big list of all the most popular and secure exchanges.
The Signals tab enables you to configure buy and sell settings based on trading signals sourced from a Marketplace Seller. It's important to note that once a position is opened based on a signaler's settings, these settings won't automatically update with changes in your Baseconfig or Config Pools. Of course, you could make the bot even more advanced by telling it to sell when profits reach a certain level, or by coding in a stop loss or a trailing stop loss. You could even dollar cost average into a trade by telling the bot to buy every time Bitcoin price increases by 3% until a certain level is reached.
We cover those questions in our article on Crypto Trading Bots- Complete Guide. To program the Tokenizer360 bot, traders can use a drag-and-drop interface and implement conditional statements based on their desired strategy. The bot can be programmed to execute trades based on specific market conditions, such as price targets or trends.
